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= 76- 000820
<br /> ' MORTGAGE _
<br /> 2l MORTGAGE.LOAN NO. L 21,991
<br /> rP
<br /> KNOW ALL MEN BYTHESE PRESENTS:That Dale W. Gewecke and Marilyn J. Gewecke, each in his
<br /> 1,i?_
<br /> and her own right and as spouse of each other, Mortgagor,whether one or more,in consideration of the sum of
<br /> "' Thirty-five Thousand Five Hundred and No/100 'DOLLARS
<br />%<i? loaned to said mortgagor by The Equitable Building and Loan Association of Grand island,Nebraska,Mortgagee,upon 355 shares of stock of
<br />'" 21 991 ,do herebyymortgage following
<br /> r said ASSOCIATION,Certificate No.L > grant, convey and mort a�e unto the said ASSOCIATION the
<br /> i;" described real estate,situated In Hall County,Nebraska:
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<br /> 2:'
<br /> LOT FOUR (4), BISHOP HEIGHTS SECOND SUBDIVISION
<br /> IN HALL COUNTY, NEBRASKA.
<br /> ia;
<br /> together with all the tenements,hereditaments and appurtenances thereunto belonging,including attached floor coverings,all window screens,
<br /> °' ! window shades,blinds,storm windows,awnings,heating,air conditioning,and plumbing and water equipment and accessories thereto,pumps,stoves,
<br /> refrigerators,and other fixtures and equipment now or hereafter attached to or used in connection with said real estate.
<br /> ,'' And whereas the said mortgagor has agreed and does hereby agree that the mortgagor shall and will pay all taxes and assessments levied or
<br /> assessed upon said premises and upon this mortgage and the bond secured thereby before the same shall become delinquent;to furnish approved
<br /> t,, insurance upon the buildings on said premises situated in the sum of S 35,500.00 payable to said ASSOCIATION and to deliver to said
<br /> ASSOCIATION the policies for said insurance;and not to commit or permit any waste on or about said premises;
<br /> In case of default in the performance of any of the terms and conditions of this mortgage or the bond secured hereby,the mortgagee shall,
<br /> on demand,be entitled to immediate possession of the mortgaged premises and the mortgagor hereby assigns, transfers and sets over to the
<br /> mortgagee all the rents,revenues and income to be derived from the mortgaged premises during such time as the mortgage indebtedness shall remain
<br /> junpaid;and the mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said premises and renting
<br /> ti;'`. the same and collecting the rents,revenues and income,and it may pay out of said income all expenses of repairing said premises and necessary
<br /> ▪ commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom: the balance remaining,if any,to be
<br /> applied toward the discharge of said mortgage indebtedness;these rights of the mortgagee may be exercised at any time during the existence of such
<br /> default,irrespective of any temporary waiver of the same.
<br /> These Presents,however,are upon the Condition,That if the said Mortgagor shall repay said loan on or before the maturity of said shares by
<br /> payment;pay monthly to said ASSOCIATION of the sum specified in the Bond secured hereby as interest and principal on said loan,on or before
<br /> i the Twentieth day of each and every month,untii said loan is fully paid;pay all taxes and assessments levied against said premises and on this Mortgage
<br /> and the Bond secured thereby,before delinquency;furnish approved insurance upon the buildings thereon in the sum of S 35,500.00 payable
<br /> to said ASSOCIATION;repay to said ASSOCIATION upon demand all money by it paid for such taxes,assessments and insurance with interest at
<br /> ▪ the maximum legal rate thereon from date of payment all of which Mortgagor hereby agrees to pay;permit no waste on said premises:keep and comply
<br /> with all tire agreements and conditions of the Bond for S 35,500.00 this day given by lire said Mortgagor to said ASSOCIATION,and comply
<br /> with all the requirements of the Constitution and By-Laws of said ASSOCIATION;then these presents shall become null and void,otherwise they
<br /> shall remain in full force and may be foreclosed at the option of the said ASSOCIATION after failure for three months to make any of said
<br /> payments or be three months in arrears in making said monthly payments.or to keep and comply with the agreements and conditions of said Bond:
<br /> and Mortgagor agrees to have a receiver appointed forthwith in such foreclosure proceedings.
<br /> If there is any change in ownership of the real estate mortgaged herein,by sale or otherwise.then the entire remaining indebtedness hereby
<br /> secured shall,at the option of The Equitable Building and Loan Association of Grand Island,Nebraska,become immediately due and payable without
<br /> , further notice,and the amount remaining due under said bond,and any other bond for any additional advances made thereunder,shall,from the
<br /> date of exercise of said option,bear interest at the maximum legal rate,and this mortgage may then be foreclosed to satisfy the anromtt due on said
<br /> bond,and any other bond for additional advances,together with all sums paid by said The Equitable Building and Loan Association of Grand island,
<br /> Nebraska for insurance,taxes and assessments,and abstracting extension charges,with interest thereon, from date of payment at the maximum
<br /> legal rate.
<br /> '1. As provided in the Bond secured hereby,while this mortgage remains in effect the mortgagee may hereafter advance additional sums to the
<br /> makers of said Bond,their assigns or successors in interest,which sums shall be within the security of this mortgage the same as the funds originally
<br /> secured thereby,the total amount of principal debt not to exceed at any time the original amount of this mortgage.
<br /> ted,»: 19th day 1 February A.D.,19 76
<br /> Dale W. Gewec ���e Marlilyn ,j�Ge ecke
<br /> r STATE OF NEBRASKA, ss. On this 19th day of February 1976 ,before me,
<br /> ¢g COUNTY OF HALL
<br /> `_: the undersigned,p Notary Public in and for said County.personally came
<br /> Dale W. Gewecke and Marilyn J. Gewecke, each in his and her own right and as spouse of
<br /> f..-; each other, who are personally known to
<br /> ,,NI, , '
<br /> p,,9.n
<br /> me to be the identicaltS GAR se names are affixed to the above instrument as mortgagors and they severally
<br /> ,'i. acknowledged lh t�rrnsitirptdrtlq'r1,yetC,i hei r voluntary act and deed.
<br /> i 41T(JESSr my hand trit(go ial Seal the date aforesaid.
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<br /> My3omnusnon expire. 7 /976 • %j / ._f /Q�(�GCe
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<br /> Notary Pub is
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